Siemens (OTCMKTS:SIEGY) Cut to “Hold” at Vertical Research

Vertical Research downgraded shares of Siemens (OTCMKTS:SIEGY) from a strong-buy rating to a hold rating in a research report released on Thursday morning,Zacks reports.

A number of other research analysts have also recently commented on SIEGY. Jefferies Financial Group cut shares of Siemens from a “buy” rating to a “hold” rating in a research report on Thursday, October 15th. Evercore lowered shares of Siemens from an “outperform” rating to a “hold” rating in a report on Friday, October 2nd. Zacks Research cut shares of Siemens from a “hold” rating to a “strong sell” rating in a research note on Monday, October 26th. Erste Group Bank raised shares of Siemens from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 27th. Finally, Deutsche Bank reiterated a “hold” rating on shares of Siemens in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Siemens Price Performance

Shares of OTCMKTS SIEGY traded down $0.91 during trading hours on Thursday, reaching $154.09. 104,019 shares of the stock traded hands, compared to its average volume of 184,492. The company’s 50-day simple moving average is $152.47 and its two-hundred day simple moving average is $149.82. The company has a market capitalization of $241.00 billion, a P/E ratio of 24.49, a price-to-earnings-growth ratio of 10.28 and a beta of 1.47. Siemens has a 52-week low of $115.56 and a 52-week high of $169.47. The company has a quick ratio of 1.18, a current ratio of 1.44 and a debt-to-equity ratio of 0.55.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Siemens stock. Ferguson Wellman Capital Management Inc. lifted its position in Siemens AG (OTCMKTS:SIEGY) by 0.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 210,670 shares of the technology company’s stock after purchasing an additional 655 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Siemens were worth $33,899,000 as of its most recent SEC filing. Institutional investors and hedge funds own 0.75% of the company’s stock.

Recent Siemens Headlines

Investors following SIEGY have been watching these headlines:

• Positive Sentiment: Fourth-quarter EPS was $1.62 versus a $1.59 consensus, while revenue of $26.28 billion topped estimates of $26.12 billion. Siemens also reported record orders, up 58% to €38.5 billion, and double-digit revenue growth in Smart Infrastructure and Digital Industries. Reuters: Siemens posts Q4 profit above forecasts, raises mid-term guidance
• Positive Sentiment: The company raised its mid-term targets, offered a positive outlook and increased its dividend, supporting the case for continued growth and shareholder returns. RTTNews: Siemens Stock Gains On Strong Q4, Dividend Hike, Positive Outlook
• Neutral Sentiment: Siemens aims to accelerate growth without Healthineers, signaling a strategic focus on its remaining businesses; the longer-term effect will depend on execution. MarketScreener: Siemens aims to grow faster without Healthineers

About Siemens

Siemens AG is a global technology company focused on industry, infrastructure and mobility. Its products and services include factory automation and industrial software, building and energy-management systems, electrical equipment, and rail vehicles and infrastructure. Founded in Berlin in 1847 by Werner von Siemens and Johann Georg Halske, the company has grown from a telegraph business into an international engineering and technology group. Siemens serves customers across markets worldwide, including manufacturing, transportation, utilities and commercial buildings.